CSX Reports 4Q Profit Gain
Eastern freight rail line CSX Corp. said Tuesday its fourth-quarter earnings rose more than 5% from a year earlier, to $365 million or 86 cents a share, from $347 million or 75 cents a year earlier.
Revenue for the quarter ended Dec. 28 rose to $2.58 billion from $2.4 billion, the railroad said in a statement.
The company’s surface transportation business recorded fourth-quarter operating income of $609 million, up from $505 million last year.
The transportation business’s operating income for the full year rose 26% to a record $2.2 billion.
Revenue for the full year topped $10 billion for the first time in its history, CSX said in a statement.
